Blogs

USD/CAD: Under Pressure

Forex

<p>Pivot (invalidation): 1.3615 Our preference Short positions below 1.3615 with targets at 1.3580 & 1.3555 in extension. Alternative scenario Above 1.3615 look for further upside with 1.3635 & 1.3655 as targets. Comment The RSI shows downside momentum.</p> <p>The post <a rel="nofollow" href="https://ww

USD/CHF: Turning Down

Forex

<p>Pivot (invalidation): 0.9520 Our preference Short positions below 0.9520 with targets at 0.9500 & 0.9480 in extension. Alternative scenario Above 0.9520 look for further upside with 0.9530 & 0.9545 as targets. Comment The RSI is bearish and calls for further downside.</p> <p>The post <a rel="nofollow" hre

EU Indices Up This Morning | TA Focus On L’Oreal

Forex

<p>INDICES Yesterday, European stocks came under pressure, with the Stoxx Europe 600 Index falling 0.7%. Both Germany’s DAX 30 and France’s CAC 40 were down 0.8%, and the U.K.’s FTSE 100 lost 0.5%. EUROPE ADVANCE/DECLINE 63% of STOXX 600 constituents traded lower or unchanged yesterday. 66% of the shares trade above their 20

Beware Quadruple Witching: More Volatility Ahead?

Forex

<p>US stocks could see Friday volumes surge. Investors searching for decisive catalysts. Euro could soften on EUR750bn recovery fund wrangling. Heightened volatility has been a staple of US equities since the end of February, with the VIX index staying stubbornly above its long-term average which is normally below 20. US markets could see a s

GBP/USD: Rebound Expected

Forex

<p>Pivot (invalidation): 1.2400 Our preference Long positions above 1.2400 with targets at 1.2450 & 1.2480 in extension. Alternative scenario Below 1.2400 look for further downside with 1.2360 & 1.2320 as targets. Comment The RSI calls for a rebound.</p> <p>The post <a rel="nofollow" href="https://www.a

EUR/USD: Turning Up

Forex

<p>Pivot (invalidation): 1.1185 Our preference Long positions above 1.1185 with targets at 1.1225 & 1.1260 in extension. Alternative scenario Below 1.1185 look for further downside with 1.1160 & 1.1140 as targets. Comment The RSI calls for a new upleg.</p> <p>The post <a rel="nofollow" href="https://www

Canada: Disappointing Wholesale Sales

Forex

<p>Yesterday, government data showed that Canada’s wholesale trade sales declined 21.6% on month in April (-10.6% expected). Retail sales, that will be published later today, will be highly watched. A decline of 15.1% is expected. From a technical point of view, on a daily chart, USD/CAD has broken below the lower boundary of a triangle

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